Price Target Update on CenturyLink (NYSE:CTL)

CenturyLink (NYSE:CTL) : The consensus price target for CenturyLink (NYSE:CTL) is $29.64 for the short term with a standard deviation of $5.64. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $22.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Wells Fargo downgrades its rating on CenturyLink (NYSE:CTL). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Market Outperform by the brokerage firm. The rating by the firm was issued on May 3, 2016.

CenturyLink (NYSE:CTL): stock turned positive on Thursday. Though the stock opened at $28.27, the bulls momentum made the stock top out at $28.74 level for the day. The stock recorded a low of $28.17 and closed the trading day at $28.52, in the green by 2.15%. The total traded volume for the day was 3,478,131. The stock had closed at $27.92 in the previous days trading.

The company shares have dropped -6.68% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $32.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.52 and the 200 Day Moving Average price is recorded at $28.23. On the companys insider trading activities,The officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, Moreau Maxine L sold 3,841 shares at $30.23 on February 18, 2016. The Insider selling transaction had a total value worth of $116,113. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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